The launch of CBDC will be decisive for the adoption of bitcoin

The head of the cryptocurrency department of Visa, Kay Sheffield, said that the emergence of digital currenciescentral bank (CBDC) will becomedominant trend in the future.

In a series of tweets published on Saturday, Sheffield emphasizes that interest in CBDC is only just beginning to take shape.

"I believe that central bank digital currency (CBDC) is one of the most important trends in the future of money and payments over the next decade.Regardless of one's personal opinion of whether this is good or bad, the reality is that global interest in it will not go away."

1/ I’d argue that central bank digital currency (CBDC) is one of the most important trends for the future of money and payments over the next decade.

Regardless of anyone’s personal views of whether it’s good or bad, the reality is that global interest in it is not going away

- Cuy Sheffield (@cuysheffield) July 3, 2020

The head of the crypto department believes that, most likely, CBDC will lead to the emergence of new rules on cryptocurrencies, which can have a significant impact on bitcoin (BTC) and the cryptocurrency market in general.

"The path that governments take after exploring CBDCs will be crucial for privacy, monetary sovereignty, geopolitics, and financial inclusion, as well as for the global adoption of cryptocurrenciesand bitcoins."

4 / What used to be an occasional paper from ananalyst at a central bank every few months has evolved into a steady stream of content from many different experts, academics, and organizations making it harder to keep up with the latest considerations

- Cuy Sheffield (@cuysheffield) July 3, 2020

Given the potential impact of supporteda state of digital currencies, Sheffield urges the public to keep abreast. He added that due to the high interest in the industry, it is becoming more difficult to keep up with new developments in the CBDC space.

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